Burry has said in interview: “What became clear to me is that food is the way to invest in water. That is, grow food in water-rich areas and transport it for sale in water-poor areas. … In California, where 80% of the world’s almonds are grown, they use 10% of the available agricultural water.
What is Michael Burry invested in?
Michael Burry slashed his US stock portfolio in the third quarter. “The Big Short” investor has been warning of a devastating market crash for months. Burry’s Scion fund bought stakes in Lockheed Martin, Now, and Scynexis.
What water stocks does Michael Burry own?
As manager of Scion Capital hedge fund, Burry applied his expertise in value investing to generate extraordinary returns for investors.
Some of the top holdings in the fund include:
- American Water Works Co Inc.
- Danaher Corp.
- Xylem Inc/NY.
- Pentair PLC.
- Veolia Environment SA.
- Geberit AG.
- Idex Corp.
Is Michael Burry still investing in water?
He has said, “Fresh, clean water cannot be taken for granted. And it is not—water is political, and litigious.” At the end of the 2015 biographical dramedy film The Big Short, a statement regarding Burry’s current interest reads, “The small investing he still does is all focused on one commodity: water.”
Should I invest in water?
Investing in water could be a good long-term bet for those concerned about its sustainability. It is also a good option for environmentally focused investors. … The Invesco S&P Global Water Index ETF (CGW) holds water utilities, infrastructure, equipment, instruments and materials companies.
Are water ETFs a good investment?
Water exchange-traded funds (ETFs) have outperformed the broader market in the past year. The water ETFs with the best one-year trailing total returns are FIW, CGW, and PHO. The top holdings of these ETFs are Tetra Tech Inc., American Water Works Co. Inc., and Ecolab Inc., respectively.
Can you invest in water futures?
Since most traders only have access to a handful of futures markets like CME’s Nasdaq Veles California Water Index Futures (NQH2O), the most practical way they can gain exposure is through shares or ETFs. Waterworks utilities are one vehicle for investing in the sector.
Can I buy stock in water?
How to invest in water. There are multiple ways to invest in water. You can buy shares of companies that produce water-related equipment, such as pumps, meters and filters, invest in water utilities and environmental companies that clean, purify or distribute water.
Who owns the water industry?
European corporations dominate this global water services market, with the largest being the French companies Suez (and its U.S. subsidiary United Water), and Vivendi Universal (Veolia, and its U.S. subsidiary USFilter). These two corporations control over 70 percent of the existing world water market.
Who owns water in USA?
Most Americans are served by publicly owned water and sewer utilities. Public water systems, which serve more than 25 customers or 15 service connections, are regulated by the U.S. Environmental Protection Agency (EPA) and state agencies under the Safe Drinking Water Act (SDWA).
What is Michael Burry net worth?
The estimated net worth of Michael Burry is $300 million.
He is the founder of Scion Capital LLC, a fund he managed during the Great Financial Crisis of 2008, making billions in profits for his clients during the collapse of the American housing market.
Can you buy water as a commodity?
Sounds strange, we know but remember: Like gold and oil, water is a commodity—and it happens to be rather scarce nowadays. So, as with any other scarcity, the water shortage creates investment opportunities.
Why did Michael Burry Buy GameStop?
Burry bought a stake in GameStop in 2019 because he determined the stock was undervalued. He penned three letters to the video game retailer’s bosses, urging them to buy back shares and clean up their act.